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Sector Update: Financial
Aug 19, 2024 1:01 PM

03:33 PM EDT, 08/19/2024 (MT Newswires) -- Financial stocks were rising in late Monday afternoon trading with the NYSE Financial Index adding 0.6% and the Financial Select Sector SPDR Fund (XLF) ahead 0.4%.

The Philadelphia Housing Index climbed 1.6%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.5%.

Bitcoin (BTC-USD) shed 1% to $59,106, and the yield for 10-year US Treasuries fell 2.8 basis points to 3.86%.

In economic news, the Conference Board's measure of leading indicators declined 0.6% in July, below expectations for a 0.4% decrease in a survey compiled by Bloomberg.

Online retail sales rose 1.3% in Q2, slower than a 1.6% gain in the previous quarter, the US Census Bureau said.

In corporate news, Goldman Sachs' ( GS ) asset management unit is leading a group of banks planning to provide a loan of about 750 million British pounds ($974.4 million) to UK-based environmental advisory firm SLR Consulting, Bloomberg reported Monday. Goldman shares were easing 0.1%.

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